Market Overview:
The global hospital waste management market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing awareness about the safe disposal of hospital waste and stringent government regulations for the same. Based on type, the incineration segment is expected to hold the largest share of the global hospital waste management market in 2018. This segment is projected to grow at a CAGR of 7% from 2018 to 2030. The growth in this segment can be attributed to factors such as growing demand for energy-efficient technologies and rising concerns about environmental pollution caused by traditional methods of disposing medical wastes such as landfilling and burning. Based on application, infectious waste accounted for the largest share of the global hospital waste management market in 2017 and this trend is expected continue duringthe forecast period.
Product Definition:
Hospital Waste Management is the process of collecting, sorting, treating and disposing of waste generated by hospitals. It is important because it helps to protect patients, staff and the environment from the risks associated with medical waste.
Incineration:
Incineration is a waste management process where the organic and non-organic wastes are converted into gases by heat. The gases produced are known as flue gas, which comprises of around 99% of carbon dioxide, water and nitrogen along with other trace elements.
Incineration is an effective method to reduce the volume of waste as it reduces landfills by 90%. It also helps in reducing greenhouse emissions as compared to traditional methods such as landfill or biodegradable waste disposal.
Autoclaves:
An autoclave is a sterilization device used to kill or remove microorganisms. The most common types of autoclaves are steam autoclaves and dry heat autoclaves. Autoclaving is the process of using sterile conditions to sterilize medical waste, surgical instruments, pharmaceutical drugs or any other type of infected items which cannot be treated with radiation methods.
Autoclavable containers are used in hospitals for various purposes such as storing/preserving medicines.
Application Insights:
The general waste segment held the largest share of 33.3% in 2017. The growing volume of general hospital wastes is primarily due to an increase in the number of hospitals and a rise in their bed capacity at any point of time. According to WHO, there was an average annual growth rate of 5% from 2015 to 2016 for all types combined, which includes government, military and non-government facilities providing healthcare services globally.
Hospitality industry is one such sector that generates large amount of waste that needs proper disposal methods for its safe handling and transportation without creating environmental hazards during its journey from production unit till it reaches final destination or disposal site.
Regional Analysis:
Asia Pacific dominated the global hospital waste management market in 2017 and is expected to maintain its position over the forecast period. This can be attributed to increasing awareness regarding proper hospital waste management, rising investments by governments in developing healthcare infrastructure, and growing population with high unmet needs in emerging economies such as India and China. In addition, economic development coupled with rapid urbanization has led to an increase in healthcare spending which is further driving growth across this region.
The Asia Pacific region comprises of developing countries such as India, China & Japan that are rapidly adopting western culture of living along with industrialization & urbanization resulting into increased medical tourism for advanced treatments at a cheaper cost. These factors are anticipated to drive demand for better disposal systems over the forecast period thereby boosting revenue generation across this region.
Growth Factors:
- Increasing demand for hospital waste management services due to the increase in number of hospitals and healthcare facilities.
- Rising awareness about the importance of safe and hygienic hospital waste management among healthcare professionals, patients, and general public.
- Stringent government regulations pertaining to hospital waste management across various countries.
- Growing investment by private players in the hospital waste management market worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hospital Waste Management Market Research Report
By Type
Incineration, Autoclaves, Others
By Application
Infectious Waste, Hazardous Waste, Radioactive Waste, General Waste
By Companies
Stericycle, Sharps Compliance, Veolia Environnement, Daniels Sharpsmart, Clean Harbors, MedWaste Management, ATI, Republic Services, Waste Management, Medical Waste Management, Excel Medical Waste, Cyntox, Triumvirate, BioMedical Waste Solutions, UMI
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Hospital Waste Management Market Report Segments:
The global Hospital Waste Management market is segmented on the basis of:
Types
Incineration, Autoclaves, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Infectious Waste, Hazardous Waste, Radioactive Waste, General Waste
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Stericycle
- Sharps Compliance
- Veolia Environnement
- Daniels Sharpsmart
- Clean Harbors
- MedWaste Management
- ATI
- Republic Services
- Waste Management
- Medical Waste Management
- Excel Medical Waste
- Cyntox
- Triumvirate
- BioMedical Waste Solutions
- UMI
Highlights of The Hospital Waste Management Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Incineration
- Autoclaves
- Others
- By Application:
- Infectious Waste
- Hazardous Waste
- Radioactive Waste
- General Waste
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hospital Waste Management Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hospital waste management is the process of managing and disposing of hospital waste. This includes everything from collecting and sorting medical waste to transporting it to a designated disposal site.
Some of the major players in the hospital waste management market are Stericycle, Sharps Compliance, Veolia Environnement, Daniels Sharpsmart, Clean Harbors, MedWaste Management, ATI, Republic Services, Waste Management, Medical Waste Management, Excel Medical Waste, Cyntox, Triumvirate, BioMedical Waste Solutions, UMI.
The hospital waste management market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hospital Waste Management Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hospital Waste Management Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hospital Waste Management Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hospital Waste Management Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hospital Waste Management Market Size & Forecast, 2018-2028
4.5.1 Hospital Waste Management Market Size and Y-o-Y Growth
4.5.2 Hospital Waste Management Market Absolute $ Opportunity
Chapter 5 Global Hospital Waste Management Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hospital Waste Management Market Size Forecast by Type
5.2.1 Incineration
5.2.2 Autoclaves
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hospital Waste Management Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hospital Waste Management Market Size Forecast by Applications
6.2.1 Infectious Waste
6.2.2 Hazardous Waste
6.2.3 Radioactive Waste
6.2.4 General Waste
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hospital Waste Management Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hospital Waste Management Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hospital Waste Management Analysis and Forecast
9.1 Introduction
9.2 North America Hospital Waste Management Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hospital Waste Management Market Size Forecast by Type
9.6.1 Incineration
9.6.2 Autoclaves
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hospital Waste Management Market Size Forecast by Applications
9.10.1 Infectious Waste
9.10.2 Hazardous Waste
9.10.3 Radioactive Waste
9.10.4 General Waste
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hospital Waste Management Analysis and Forecast
10.1 Introduction
10.2 Europe Hospital Waste Management Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hospital Waste Management Market Size Forecast by Type
10.6.1 Incineration
10.6.2 Autoclaves
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hospital Waste Management Market Size Forecast by Applications
10.10.1 Infectious Waste
10.10.2 Hazardous Waste
10.10.3 Radioactive Waste
10.10.4 General Waste
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hospital Waste Management Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hospital Waste Management Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hospital Waste Management Market Size Forecast by Type
11.6.1 Incineration
11.6.2 Autoclaves
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hospital Waste Management Market Size Forecast by Applications
11.10.1 Infectious Waste
11.10.2 Hazardous Waste
11.10.3 Radioactive Waste
11.10.4 General Waste
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hospital Waste Management Analysis and Forecast
12.1 Introduction
12.2 Latin America Hospital Waste Management Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hospital Waste Management Market Size Forecast by Type
12.6.1 Incineration
12.6.2 Autoclaves
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hospital Waste Management Market Size Forecast by Applications
12.10.1 Infectious Waste
12.10.2 Hazardous Waste
12.10.3 Radioactive Waste
12.10.4 General Waste
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hospital Waste Management Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hospital Waste Management Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hospital Waste Management Market Size Forecast by Type
13.6.1 Incineration
13.6.2 Autoclaves
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hospital Waste Management Market Size Forecast by Applications
13.10.1 Infectious Waste
13.10.2 Hazardous Waste
13.10.3 Radioactive Waste
13.10.4 General Waste
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hospital Waste Management Market: Competitive Dashboard
14.2 Global Hospital Waste Management Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Stericycle
14.3.2 Sharps Compliance
14.3.3 Veolia Environnement
14.3.4 Daniels Sharpsmart
14.3.5 Clean Harbors
14.3.6 MedWaste Management
14.3.7 ATI
14.3.8 Republic Services
14.3.9 Waste Management
14.3.10 Medical Waste Management
14.3.11 Excel Medical Waste
14.3.12 Cyntox
14.3.13 Triumvirate
14.3.14 BioMedical Waste Solutions
14.3.15 UMI
